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Violation Tracker Individual Record

Company: WellPoint Inc.
Current Parent Company: Elevance Health
Penalty: $90,000,000
Year: 2012
Date: November 20, 2012
Offense Group: consumer-protection-related offenses
Primary Offense: consumer protection violation
Secondary Offense: insurance violation
Violation Description: WellPoint agreed to pay $90 million to settle litigation alleging it failed to pay policyholders the fair value of their interests when it switched from a mutual to a shareholder-owned company.
Level of Government: federal
Action Type: private litigation
Court: Southern District of Indiana
Civil or Criminal Case: civil
Case ID: 1:05cv1908
Case Name: Ormond et al v. Anthem, Inc. et al
Private Lawsuit Resolution Type: settlement
HQ Country of Current Parent: USA
HQ State of Current Parent: Indiana
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: healthcare services
Specific Industry of Current Parent: insurance; managed care
Source of Data: (click here)
Link to PACER Case Docket (must be logged in): (click here)
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.